Adient (NYSE:ADNT) Sets New 1-Year Low at $28.43

Adient plc (NYSE:ADNT - Get Free Report)'s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as $28.43 and last traded at $28.68, with a volume of 48877 shares traded. The stock had previously closed at $29.19.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. decreased their target price on shares of Adient from $41.00 to $40.00 and set a "neutral" rating for the company in a research report on Wednesday, February 28th. Wells Fargo & Company decreased their target price on shares of Adient from $41.00 to $40.00 and set an "overweight" rating for the company in a research report on Thursday, February 8th. Barclays reissued an "equal weight" rating and set a $37.00 target price (down from $41.00) on shares of Adient in a research report on Wednesday, April 10th. Finally, Bank of America reduced their price objective on shares of Adient from $50.00 to $46.00 and set a "buy" rating for the company in a research report on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $42.86.

Adient Stock Down 1.9 %

The company has a current ratio of 1.15, a quick ratio of 0.91 and a debt-to-equity ratio of 0.92. The stock's 50-day simple moving average is $33.23 and its 200-day simple moving average is $33.95. The firm has a market capitalization of $2.61 billion, a P/E ratio of 12.78, a P/E/G ratio of 0.30 and a beta of 2.51.

Adient (NYSE:ADNT - Get Free Report) last released its earnings results on Wednesday, February 7th. The company reported $0.31 earnings per share for the quarter, missing analysts' consensus estimates of $0.47 by ($0.16). The company had revenue of $3.70 billion during the quarter, compared to analysts' expectations of $3.76 billion. Adient had a net margin of 1.39% and a return on equity of 7.90%. The firm's revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.34 earnings per share. As a group, research analysts predict that Adient plc will post 2.61 earnings per share for the current fiscal year.

Insider Buying and Selling at Adient

In other Adient news, EVP Heather M. Tiltmann sold 10,000 shares of the business's stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $33.68, for a total value of $336,800.00. Following the transaction, the executive vice president now directly owns 55,669 shares in the company, valued at $1,874,931.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.30% of the company's stock.

Institutional Trading of Adient

A number of institutional investors have recently modified their holdings of the business. Capital World Investors lifted its stake in Adient by 29.1% in the 1st quarter. Capital World Investors now owns 11,562,906 shares of the company's stock worth $471,420,000 after purchasing an additional 2,607,625 shares in the last quarter. Norges Bank bought a new position in shares of Adient during the 4th quarter valued at $29,589,000. Balyasny Asset Management LLC grew its holdings in shares of Adient by 488.3% during the 3rd quarter. Balyasny Asset Management LLC now owns 846,694 shares of the company's stock valued at $23,496,000 after purchasing an additional 702,782 shares during the last quarter. Balyasny Asset Management L.P. grew its holdings in shares of Adient by 218.4% during the 1st quarter. Balyasny Asset Management L.P. now owns 964,102 shares of the company's stock valued at $39,490,000 after purchasing an additional 661,350 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Adient by 208.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 872,293 shares of the company's stock valued at $32,013,000 after buying an additional 589,247 shares during the period. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

About Adient

Adient plc engages in the design, development, manufacture, and market of seating systems and components for passenger cars, commercial vehicles, and light trucks. The company's automotive seating solutions include complete seating systems, frames, mechanisms, foams, head restraints, armrests, and trim covers.